Business

10 June 2010 [17:30]

SOCAR gets license for construction of oil refinery in Turkey

SOCAR has received a license from the regulator of the energy market in Turkey for the construction of a refinery with capacity of 10 million tons per year, near the petrochemical complex Petkim, in which SOCAR has a stake.
10 June 2010 [15:07]

Azerbaijan embassy to Italy holds presentation on economic achievements

Azerbaijan Embassy to Italy held a presentation on the country`s economic achievements in Malta capital Valetta.
10 June 2010 [13:25]

Agreements signed with Azerbaijan revive the Nabucco project

The agreements signed with Azerbaijan revived the Nabucco project, Turkish minister of energy and natural resources Taner Yildiz told journalists in Ankara.
09 June 2010 [11:15]

PU Azerkimya intends to expand cooperation with Azerbaijani State Oil Academy

Production Unit Azerkimya of SOCAR (State Oil Company of Azerbaijan) is ready to provide support in preparing students of the State Oil Academy of Azerbaijan for productive activities, who are future chemists, engineers, technologists, engineers, SOCAR said.
09 June 2010 [10:39]

Nabucco project official: Azerbaijan is a very important potential gas supplier

Construction of the Trans-Caspian gas pipeline is a good solution for transporting Turkmen gas to European markets, said an official representative of the Nabucco project, Christian Dolezal.
09 June 2010 [06:44]

Zagatala city hosts a seminar on Azerbaijan's membership in World Trade Organization

A seminar on “Azerbaijan`s membership to World Trade Organization and private sector” has been in the country`s Zagatala city.
08 June 2010 [17:07]

Project of bridge across Baku Bay, and new high-speed road to Georgian border

Day.Az interview with Azerbaijan’s Deputy Transport Minister Musa Panahov.
08 June 2010 [16:07]

Azerbaijan bans remittances through MIGOM money transfer system

The Central Bank of Azerbaijan (CBA) instructed the commercial banks operating in the country to stop business relations with the MIGOM money transfer system, the Azerbaijani banks said.
08 June 2010 [15:14]

Energy ministers of Turkey and Azerbaijan hold press conference

Turkey's Energy and Natural Resources Minister Taner Yildiz and Azerbaijan Minister of Industry and Energy Natig Aliyev gave a press conference after the energy agreement was signed between Turkey and Azerbaijan in Ciragan Palace of Istanbul.
08 June 2010 [14:35]

Turkey- Azerbaijan gas transportation agreement paves way for TAP

The signing of gas agreement between Azerbaijan and Turkey is considered as a positive step towards the implementation of projects within the Southern Corridor, aimed at diversifying gas supplies sources and routes to Europe.
08 June 2010 [13:22]

Azerbaijan, WB discuss project on bank for technical assistance for institutional development

Azerbaijani Accounting Chamber Chairman Heydar Asadov and Senior Country Economist at World Bank (WB) Christos Kostopulos discussed the results of the second project on technical assistance for institutional development (IBTA-II), the chamber reported.
08 June 2010 [10:56]

Nabucco Gas Pipeline International GmbH welcomes gas agreement signed by Azerbaijan and Turkey

Nabucco Gas Pipeline International GmbH welcomes the agreement that was signed in Ankara today between Azerbaijan and Turkey defining terms for the transit of gas to Turkey and Europe, Nabucco Gas Pipeline International GmbH said.
08 June 2010 [10:08]

Chairman of Azerbaijan Business Investment Association attends Astana-2010 Business Forum

Chairman of Azerbaijan Business Investment Association Rafat Aliyev attended the Astana-2010 investment forum in Kazakhstan.
08 June 2010 [09:35]

Austrian businessmen to visit Azerbaijan

A business delegation from Austria will arrive here on June 21.
07 June 2010 [18:36]

Azerbaijan: from gas importer, to gas exporter

President of Azerbaijan's state oil firm, SOCAR, has praised the country's “increasing” gas potential, saying it is already supplying gas to other countries.
07 June 2010 [17:53]

Azerbaijan, Turkey sign contract on sale and transit of natural gas - UPDATE - PHOTOS

Azerbaijan and Turkey have signed an agreement on a package of gas issues in Istanbul today.
07 June 2010 [17:40]

Azerbaijan to ship more gas to Europe via Turkey, ministry official says

Azerbaijan has agreed to ship more gas to Europe via Turkey, an Azerbaijani energy ministry official announced Monday.
07 June 2010 [14:13]

Islamic Development Bank Gears-up for 35th Annual Meeting in Azerbaijan

Preparations are underway to hold the 35th Annual Meeting of the Islamic Development Bank in Baku, Azerbaijan during the period 23-24 June 2010, where Ministers of Finance, Economy, and Planning will attend the Meeting on behalf of the (56) member countries.
07 June 2010 [11:37]

Azerbaijani oil prices for May 31-June 4

May 31-June 4, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $75 per barrel, or $ 2.4 more than the previous price.
07 June 2010 [10:24]

Azerbaijan to join India-Turkey-CIS business forum in Istanbul

The India-Turkey-CIS business forum will be held in Istanbul on August 24-25, according to the National Confederation of Entrepreneurs (Employers) Organizations.
05 June 2010 [13:08]

Daily oil production in Azerbaijan hits record high of 1 million barrels in 2009

Azerbaijan posted a record oil production of 1 million barrels a day last year, SOCAR President Rovnag Abdullayev said at the Caspian Oil and Gas conference.
05 June 2010 [11:48]

Experts: Azerbaijan is the key for South Caucasus energy stability

Envoys from Central Asian countries discussed Caspian basin energy security Friday during the second day of an Istanbul summit ahead of a crucial meeting between Azerbaijan and Turkey next week.
05 June 2010 [09:45]

Belarus-Azerbaijan Chambers of Accounts meet in Baku

Chairman of Azerbaijan's Chamber of Accounts Heydar Asadov met today with visiting Chairman of State Control Committee of Belarus Zenon Lomat.
04 June 2010 [16:56]

Azerbaijan to host workshop on credit risk management

The Azerbaijan Risk Professionals Association (ARPA) will hold a "New insight into credit risk management" workshop with support of the Central Bank of Azerbaijan (CBA) June 14, the CBA reported today.
04 June 2010 [16:16]

SOCAR chief meets Eni Vice-President

President of Azerbaijan State Oil Company (SOCAR) Rovnag Abdullayev has met senior vice-president of Italian Eni company Daniele de Giovanni.
04 June 2010 [15:55]

Azerbaijani FM: Country interested in Belarusian energy market

Azerbaijan is interested in the Belarusian energy market, Azerbaijan's Foreign Minister Elmar Mammadyarov said in an interview with the Belarusian First Television Channel, Belta reported.
04 June 2010 [10:36]

Baku hosts seminar on card business development

Azerbaijan's Central Bank and MasterCard International organized a seminar on “Development of Card business”.
04 June 2010 [09:55]

UAE's Naffco to expand business relations in Azerbaijan

UAE's National Fire Fighting Manufacturing FZCO - NAFFCO wants to expand business relations in Azerbaijan, said the company's manager for export Patrick Antony who attended the 17th International Caspian Oil & Gas Exhibition in Baku.
04 June 2010 [09:44]

Azerbaijan Central Bank, EBRD discuss cooperation

Chairman of Azerbaijan's Central Bank Elman Rustamov met today a members of the Board of Directors of European Bank for Reconstruction and Development (EBRD).
03 June 2010 [17:06]

ConocoPhillips Vice President: Azerbaijan correctly uses oil revenues

Azerbaijan correctly uses oil revenues, said first Vice President of ConocoPhillips Larry Archibald at the meeting with chief of Azerbaijan State Oil Company, Rovnag Abdullayev.
03 June 2010 [14:35]

Azerbaijan, Turkey hold talks to sign new gas contract

A working group of the State Oil Company of Azerbaijan delegates and partner companies were on a visit to Turkey, SOCAR President Rovnag Abdullayev said.
03 June 2010 [13:26]

British "Diplomat Magazine" publishes article about Azerbaijan's energy policy

The British magazine "Diplomat", which is distributed among political circles and structures, as well as diplomatic missions operating in the UK, published an extensive article about the energy policy of Azerbaijan in the June issue, the Azerbaijani Embassy in Great Britain reported.
03 June 2010 [12:33]

SOCAR vice-president: Azerbaijan's gas reserves may reach 5 trillion cubic meters

Azerbaijan's daily gas production exceeds 75 million cubic meters.
03 June 2010 [09:45]

Aktau to host Kazakhstan-Azerbaijan business forum

A Kazakhstan-Azerbaijan business forum will take place in August this year in Aktau, according to the embassy.
02 June 2010 [14:07]

Azerbaijan's gas export will reach 8 billion cubic meters in 2010

Azerbaijan's gas export to different directions will reach 7.8 billion cubic meters in 2010, Industry and Energy Minister Natig Aliyev said.
02 June 2010 [11:40]

British Premier sends letter to participants of 17th International Caspian Oil & gas Exhibition

British Prime Minister David Cameron has sent a letter to welcome participants of 17th International Caspian Oil & Gas Exhibition and Conference here.
02 June 2010 [10:55]

U.S. State Department Special Envoy: Southern Corridor, Nabucco projects to be implemented

We are confident that the Southern Corridor and Nabucco projects will be implemented, the U.S. State Department Special Envoy on Energy Issues in Eurasia, Richard Morningstar told journalists June 1.
02 June 2010 [09:20]

Official reception held in Baku on 17th International Caspian Oil & Gas Exhibition and Conference

An official reception has been co-organized by the embassies of the United Kongdom and United States in Baku on the 17th International Caspian Oil & Gas Exhibition and Conference Incorporating Refining and Petrochemicals on June 1.
02 June 2010 [08:55]

Trade between Azerbaijan and Belarus is "increasingly growing"

Belarus' ambassador in Baku has praised his country's trade with Azerbaijan, saying it is increasingly growing.
01 June 2010 [16:46]

Turkey, Azerbaijan expected to sign Shah Deniz deals next week

Turkey and Azerbaijan are expected to sign Shah Deniz natural gas agreements next week, Turkey's energy ministry executives said on Tuesday.
01 June 2010 [16:17]

Azerbaijani President participates in XVII Int'l Exhibition and Conference on "Oil, Gas, Refining and Petrochemicals" - UPDATE - PHOTOS

Today, Azerbaijani President Ilham Aliyev attended XVII International Exhibition and Conference on "Oil, Gas, Refining and Petrochemicals" held in Baku.
01 June 2010 [10:40]

Azerbaijan, China discuss cooperation in banking sector

Chairman of Azerbaijan Central Bank Elman Rustamov met governor of the People's Bank of China Zhou Xiaochuan on May 31.
01 June 2010 [09:30]

New bank with 100% Iranian capital to be launched in Azerbaijan

Bank Melli Iran is planning to establish a new bank in Azerbaijan with its own investments, chairman of the presidium and the executive director of the bank, Mahmoud Rza Haver, who is on a visit to Baku,said.
31 May 2010 [16:40]

Launch of Baku-Crete Island flight postponed

The launch of Baku-Crete island charter passenger flight slated for first half of June was postponed, the Azerbaijani Association of Tourism said.
31 May 2010 [16:15]

EBRD director to get familiarized with Azerbaijan's priorities for future cooperation

A delegation of the European Bank for Reconstruction and Development (EBRD), which will include representatives of the Board of Directors will starts its visit to Baku today, said in the statement of EBRD Baku Office.
31 May 2010 [09:09]

Bank Melli Iran Hopeful about inaugurating more branches in Azerbaijan

Managing Director of Bank Melli Iran (BMI) Mahmoud Reza Khavari announced the bank's readiness to open more branches in different cities of Azerbaijan.
30 May 2010 [09:35]

Azerbaijani investment opportunities presented at international fair in France

Azerbaijan took part in the 53-rd international fair held in the north-west of Lower Normandy, France, a statement said.